Bipgo price

BGO

Bipgo is a decentralized social network, with an internal economy developed using blockchain technology, that rewards users for watching and sharing content. In Bipgo Content Creators can be part of the social network economy and earn rewards by interactions received in their posts.

Registering with Bipgo is completely free, as well as viewing or interacting with the content published on the platform, however, to become a Content Creator, post videos, and be part of Bipgo's economy, users must have a Bipper (NFT).

Bippers are like memberships that users need to have in order to post content on Bipgo but have the advantage over memberships that by being stored on a blockchain give to users a real property right, allowing them to trade it directly with other users.

Bipgo's economy is based on 2 currencies: BGO tokens and BIPS. BGO is a utility token (cryptocurrency) developed by Bipgo using BEP-20 technology, it works on Binance Smart Chain and is used to make purchases on the Market (NFT, Contracts, Subscriptions, Advertising, among others) and to reward Content Creators.

BIPS are an internal currency used to make purchases within the platform, however cannot be used outside of Bipgo. In the Market, Content Creators will be able to convert all BIPS received within Bipgo into BGO.

Bipgo shares all revenue generated on the platform (NFT sales, advertising, subscriptions, among others) with users, transparently using smart contracts. The percentage of revenue that a user receives is variable and depends on the rarity of their Bipper (can be up to 90%). Revenue not distributed among users are deposited in a treasury account and could be used for infrastructure maintenance, platform operations, or any other activity proposed and accepted by BGO token holders.

There are 2 types of users in Bipgo: Free Users and Content Creators. Free Users can earn BGO for viewing or interacting with content from their favorite creators and Content Creators can earn BGO for creating and sharing content.

Bipgo has been created with the aim of solving the main problems currently facing social networks:

1. Fake news, bots and fake accounts. At Bipgo, Content Creators are free to express their ideas and share whatever content they want, but they must always be responsible for what they post. In order to post videos is mandatory to complete an identity verification process, which allows us to guarantee there are real people behind all the content posted on the platform.

2. Not focused on creators: At Bipgo Content Creators are first to get paid and the ones who receives the most benefits.

3. Lack of transparency: Platform revenue is distributed using smart contracts and Creators can be sure always get the right piece of cake.

4. Inefficiency to collect profits: No minimum amounts or validation of payment methods are required. Everything is as easy as one click to cash and within seconds earnings are deposited into users crypto wallet.

More information: https://whitepaper.bipgo.com/